News Column

Barclays beats US banks to lead field in public listings this year

February 3, 2014


BARCLAYS has come out top as adviser for initial public offerings (IPOs) in the United States for this year so far, Dealogic data showed today. The bank was able to rapidly build its presence in the US in part by snapping up chunks of Lehman Brothers after its collapse in 2008. So far this year Barclays has worked on seven deals, worth a total of $619m (377m) and giving it an 11 per cent share of the market. In the first month of 2013 the bank had carried out $740m of US deals, putting it in pole position. Second so far is JP Morgan with seven deals totalling $530m , above the $495m so far last year and bringing it up from fifth to second place. RBC Capital Markets came in third with four deals totalling $478m . It was not in the top 10 in the first month of 2013.

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Source: City A.M. (UK)

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